It's no secret that AI has become a splitting headache for private equity, or at least for funds that bought big into enterprise software. - But this isn't just a backward-looking problem, which can be temporarily stemmed by Q1 equity markdowns and maturing debt renegotiations. - Almost every industry big that spoke to Axios at the Milken Global Conference this week said that AI has created massive modeling challenges for new deals, almost regardless of sector. Private equity is a long-term asset class, typically holding portfolio companies for a minimum of three or four years. - For context, it's been only three-and-a-half years since ChatGPT was first released. - Subsequent AI advancements — including the introductions of Claude,…
The Maine senator who is up for reelection this year described her condition as ‘extremely common’ with ‘absolutely no impact on my ability to do my job.’
The commerce secretary participated in a voluntary interview with the House Oversight Committee to explain his ties to the late financier and convicted sex offender.
A federal judge on Wednesday denied a request from Fulton County officials to force the FBI to return ballots from the 2020 election that were seized earlier this year.
President Trump's revenge tour didn't just draw blood in Indiana. It put Republican holdouts across the South on notice. Why it matters: Republicans are being squeezed to approve last-minute new maps that give House Speaker Mike Johnson (R-La.) a shot at saving his majority in November. - Tennessee Republicans are expected to vote as soon as tomorrow to draw out Rep. Steve Cohen, the state's last House Democrat. "This is insane," Cohen said today on X about the new map. - The South Carolina House has started a redraw debate that could threaten Democratic Rep. Jim Clyburn, who warned last week of "never-ending redistricting fights" to come. - Mississippi Republicans are pushing to draw out Rep. Bennie Thompson's (D) seat during the…
A federal judge unsealed a purported Jeffrey Epstein suicide note on Wednesday. The big picture: Judge Kenneth Karas released the unverified and undated note to the court's docket , in regards to a case relating to the convicted sex offender's former cellmate Nicholas Tartaglione, who told the New York Times he had found it. Read the letter and note submitted to the court, via DocumentCloud : Editor's note: This is a breaking news story. Please check back for updates.